В последние дни стала приобретать хоть какие-то очертания схема возможного спасения Татфондбанка. Президент РТ заговорил о схеме bail-in — часть клиентов банка могут конвертировать свои депозиты в акции, уменьшив тем самым размер дыры в балансе. Вдобавок, по нашим сведениям, не закрыт вопрос о передаче банку крупного массива земельных участков. О том, что это даст и какую роль в данном процессе может сыграть собственник банка Роберт Мусин, — в материале «БИЗНЕС Online».
The president-elect's choice to lead the Department of Health and Human Services made thousands trading medical-company stocks while in Congress.
UK services and all-sector PMIs hit 17-month highs, pointing to 0.5% GDP growth in the fourth quarterFTSE 100 index hits new record peak 3.11pm GMT Dennis de Jong, managing director at online forex broker UFX.com, was quick to react to the survey data. The US services industry accounts for two-thirds of the country’s economic output, so the above-expectations ISM non-manufacturing PMI for December will please Janet Yellen and her colleagues at the Fed, especially as it comes on the back of broadly encouraging financial data of recent weeks.The US economy was remarkably resilient in the face of growing uncertainty during 2016, and the markets reacted positively to Donald Trump’s election in November. With the president-elect now just weeks away from the White House, the challenge is to deliver the growth he has promised. 3.09pm GMT The Dow Jones is still in negative territory, but has improved slightly from the open. It is now down 8 points at 19,934.68. Continue reading...
Italy has now joined the “bail-in” crowd. Monte dei Paschi di Siena is to be rescued by the Italian state using a new €20bn bailout package, as a last-gasp private sector rescue plan for the world’s oldest bank looked set to fail, forcing losses on bondholders. The government rescue, which had long been resisted in Rome, is designed to draw a line under the slow-burn crisis in Italian banking that has alarmed investors and become the main source of concern for European financial regulators. Source: Financial Times In this particular case, the bail-in will use bondholders’ money. But depositors will be on the hook in future cases in Europe. Those who are shocked by this development are not paying attention. The template for this manner of dealing with financial issues was first laid out in Cyprus in 2012-2013. Anyone who wants to understand how the next global banking crisis will unfold should take heed. The quick timeline for what happened in Cyprus is as follows: · June 25, 2012: Cyprus formally requests a bailout from the EU. · November 24, 2012: Cyprus announces it has reached an agreement with the EU the bailout process once Cyprus banks are examined by EU officials (ballpark estimate of capital needed is €17.5 billion). · February 25, 2013: Democratic Rally candidate Nicos Anastasiades wins Cypriot election defeating his opponent, an anti-austerity Communist. · March 16 2013: Cyprus announces the terms of its bail-in: a 6.75% confiscation of accounts under €100,000 and 9.9% for accounts larger than €100,000… a bank holiday is announced. · March 17 2013: emergency session of Parliament to vote on bailout/bail-in is postponed. · March 18 2013: Bank holiday extended until March 21 2013. · March 19 2013: Cyprus parliament rejects bail-in bill. · March 20 2013: Bank holiday extended until March 26 2013. · March 24 2013: Cash limits of €100 in withdrawals begin for largest banks in Cyprus. · March 25 2013: Bail-in deal agreed upon. Those depositors with over €100,000 either lose 40% of their money (Bank of Cyprus) or lose 60% (Laiki). The most important thing I want you to focus on is the speed of these events. Cypriot banks formally requested a bailout back in June 2012. The bailout talks took months to perform. And then the entire system came unhinged in one weekend. One weekend. The process was not gradual. It was sudden and it was total: once it began in earnest, the banks were closed and you couldn’t get your money out (more on this in a moment). There were no warnings that this was coming because everyone at the top of the financial food chain are highly incentivized to keep quiet about this. Central Banks, Bank CEOs, politicians… all of these people are focused primarily on maintaining CONFIDENCE in the system, NOT on fixing the system’s problems. Indeed, they cannot even openly discuss the system’s problems because it would quickly reveal that they are a primary cause of them. If you believe that this kind of issue cannot hit the US, you are mistaken. Indeed, we've uncovered a secret document outlining how the Fed plans to incinerate savings. We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed's sinister plan in our Special Report Survive the Fed's War on Cash. We are making 1,000 copies available for FREE the general public. To pick up yours, swing by…. http://www.phoenixcapitalmarketing.com/cash.html Best Regards Graham Summers Chief Market Strategist Phoenix Capital Research
Министром торговли в администрации Дональда Трампа станет 79-летний миллиардер Уилбур Росс. В России его знают по работе в американо-российском инвестфонде TUSRIF и совете директоров Bank of Cyprus Подробнее читайте на нашем сайте www.oilru.com
Министром торговли в администрации Дональда Трампа станет 79-летний миллиардер Уилбур Росс. В России его знают по работе в американо-российском инвестфонде TUSRIF и совете директоров Bank of Cyprus
Независимая ассоциация банков Украины (главой совета которой является старший советник «Альфа-Банка» Роман Шпек) на своей странице в Фейсбуке распространила сообщение СМИ, что "Альфа Групп" и Bank of Cyprus Group в рамках сделки по купле-продаже 99,77% акций украинского "Банка Кипра" (ныне "Неос Банк") договорились о реструктуризации расчета до 1 июня 2019 года.
While not nearly as controversial as his still unconfirmed pick of Steven Mnuchin as Treasury Secretary, in another widely telegraphed choice the WSJ reports that Donald Trump is expected to name billionaire Wilbur Ross Jr. "a fellow businessman whose name rings out in the Rust Belt" to serve as his Commerce secretary, according to a transition official. Ross, the son of a lawyer, grew up in suburban New Jersey and dreamed of being a writer. Instead, he went to Wall Street and became a bankruptcy specialist at Rothschild Inc. in the 1970s, working on high-profile bankruptcies and restructurings, including Texaco, Continental Airlines and TWA. With an extensive background in both the steel and restructuring industries - both of which will come in handy - Ross acquired key assets, such as LTV Corp., Bethlehem Steel and Weirton Steel in 2001 when the US steel industry was undergoing a crisis period. By cutting jobs and legacy costs, as well as negotiating new deals with unions, he was able to put mills back on their feet, before selling them at a profit. His background puts him in a precarious position: for some, this made the 79-year-old New Jersey native nothing short of a savior of the steel industry—someone willing to risk his money to save thousands of jobs. For others, he was a vulture who cut jobs and pensions, and forced pain on a once proud industry. It’s a role that Ross, in another storied and wide-ranging Wall Street career, has played in other industries, including auto parts, coal and textiles. Ironically, Ross even represented bondholders in Trump’s Taj Mahal casino in Atlantic City. The creditors were angry about a possible missed payment and debated whether to seize control of the casino. Ross argued that Trump’s properties were worth more with the man involved and helped negotiate a plan to keep him in charge. Ross eventually became a key Trump ally, backing his campaign for president and helping him raise money from Wall Street executives. But, as the WSJ puts it, it’s in the steel industry’s consolidation that Mr. Ross arguably made his largest mark. “He was the right person at the right time,” when steelmakers were struggling, said John Surma, former CEO of U.S. Steel Corp., in an interview. Even some former adversaries acknowledge that in addition to cutting thousands of jobs, Mr. Ross played a major role in a restructuring that preserved other jobs. “There’s no denying he saved thousands of jobs,” says Charles Bradford, now an independent analyst, who worked for banks and investors that mounted competing restructuring proposals to those of Mr. Ross in steel bankruptcy proceedings. “He doesn’t like to be called a vulture, but a vulture investor is somebody who finds a distressed asset that still has good bones and turns it around and flips it. And that is what he did.” Some examples: In 2002, for example, Mr. Ross’s company W.L. Ross & Co. bought the assets of LTV Corp., once the nation’s third-biggest steel mill, for $125 million in cash and $200 million in environmental and other liabilities. At the time, Mr. Ross said the new company would employ about 3,000, less than half of the 7,500 LTV had employed. In 2005, Mr. Ross sold his International Steel Group Inc., to the world’s largest steelmaker ArcelorMittal for $4.5 billion, netting billions in profits. Mr. Ross is still an independent director on ArcelorMittal’s board, one of many business ties he would have to sever if he joins the cabinet. He was the force assisting in the consolidation of the steel sector,” says John Packard, publisher of Steel Market Update. “He managed to save mills that might have been shut down if they hadn’t been consolidated.” He's had his share of down days: in 2006, an explosion at a mine in Sago, W.Va., under control of his International Coal Group Inc., killed 12 workers, prompting criticism of ICG’s safety precautions. Mr. Ross called it “the worst day of my life.” In a statement, he added, “I don’t know what is harder—trying to get to sleep at night with Sago hanging over me or getting up in the morning to face another day of internal sorrow and external criticism.” In his role as commerce secretary, Ross will now have a vastly bigger playfield in which to demonstrate his skillset of restructuring and rescuing distressed companies, sectors and industries, hopefully making them competitive for the New Normal. Of course, should that fail, there is always Chapter 7.
Critics say Wilbur Ross' restructuring of failing industries sometimes came at workers' expense.
Похоже, что банковская сфера Кипра, который так много лет служил оффшорным раем для наших бизнесменов, оправилась от шока. О том, что кризис остался позади, говорит красноречивый факт. Bank of Cyprus, крупнейшее кредитное учреждение островной страны, готовится выйти на Лондонскую фондовую биржу (London Stock Exchange, LSE). Как пишет Джилл Тренор в газете The Guardian, банк собирается также расширить операции в британской столице, которая пока остается финансовым центром мира.